Share

Print

Term deposits are designed to earn you interest on your savings bysecurely locking your money away for a fixed term with a fixed interest rate. To take out a term deposit with us, you will need to invest any amount over $1,000 for a term of 1 month to 5 years. The interest rate you earn, and therefore the profit made on your savings, will differ according to these factors.

Financial planning is all about preparing for your future. RACQ Financial Planning advisors are experts in developing strategies to help you protect your family; sort your super; boost your assets and investments; and plan for, and live comfortably, in retirement.

Financial planning is all about helping you achieve your financial and lifestyle goals. By working with a specialist financial planner, you’ll be able to get a clear view of your current situation, develop unique goals you’d like to work towards, and then create a clear course of action that informs you of the steps you need to take in order to achieve those goals.

RACQ Financial Planning does not manufacture or market its own products. We have access to a wide range of carefully researched solutions from across many providers. Our investment portfolios are designed via a robust centrally managed process; we aim to provide quality and consistency in pursuit of a better investment experience.

Existing solutions: We will assess whether your existing investments and structures are appropriate for you now and into the future. We are perfectly comfortable to leave your existing solutions in place where they meet your needs.

New solutions: We will let you know if we identify gaps in your current plan. Where adjustments are required we will assess whether it is appropriate to amend your existing solutions or implement new solutions aligned to your needs.

RACQ Private Bank is a bespoke banking service offered to members with a net worth and account funds in excess of $1 million. Private bank members receive a dedicated specialist to carry out a full range of services and deliver advice tailored to their needs.

For members over 55, our Advantage Plus Account is a great way to make your money work for you. There is no minimum opening balance requirement, but the more you deposit, the more benefits you’ll enjoy. Advantage Plus Account holders enjoy a great rate of interest on their balances, no monthly account keeping fee, no minimum monthly deposit and dining rewards through RACQ membership, to name a few.

For a full run-down on the benefits of having an Advantage Plus Account and whether it’s right for you, visit our Advantage Plus page, drop in to a RACQ Bank branch or call us on 13 1905.

Absolutely, and this is at no cost or obligation to you. In just 15 minutes we can review your financial needs and ensure you are:
•In the right accounts for your banking needs
•Not paying unnecessary bank fees
•Have the best savings options for you to maximise your savings.

How it can help youAre your current products – whether they’re with us or another bank – working for you? Are they costing you too much? We can show you how to make the most of your bank accounts. We can also help you minimise fees and maximise your savings.

What to expectWe start with your goals and ambitions – from buying a house to starting a family to retirement – and explore ways to help you achieve them. We look at your current lifestyle and changes that may be occurring in the near future and see how they affect your finances now and in the future.

Contact us

Banking products and loans are issued by Members Banking Group Limited ABN 83 087 651 054 AFSL and Australian credit licence 241195 trading as RACQ Bank. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Terms and Conditions, before deciding.

Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.